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News2024-03-11T09:35:49-04:00

Economic Substance Suspended Late Penalties

May 19th, 2026|

The International Tax Authority ("ITA") is providing an update to the Industry following the transition to the Virtual Integrated Registry Regulatory General Information Network ("VIRRGIN"). System users continue to experience various technical and system errors that are affecting the submission of declarations and financial period alterations. The most recent errors relate specifically

PHISHING SCAM

January 22nd, 2026|

Tortola, BVI – 22 January, 2025 PHISHING SCAM Please be advised that we have identified a phishing scam involving at least one email address impersonating to be from the International Tax Authority (ITA). The suspicious emails come from addresses that end with .vg.co. These emails may appear to be legitimate but are

Invitation to Stakeholder Meeting: BOSSs to VIRRGIN Transition VIRRGIN

December 19th, 2025|

FOR IMMEDIATE RELEASE Invitation to Stakeholder Meeting: BOSSs to VIRRGIN Transition Hosted by the International Tax Authority Tortola, BVI – 19 December 2025 The International Tax Authority (ITA) invites all Registered Agents to attend a stakeholder’s meeting to discuss the upcoming transition from BOSSs to VIRRGIN, hosted under the theme Let’s Talk

BVI Financial Account Reporting System

The International Tax Authority has created a web-based portal to provide a secure environment for BVI Financial Institutions to satisfy their obligations under the Agreement between the Government of the British Virgin Islands and the Government of the United States of America to Improve Tax Compliance via the Foreign Account Tax Compliance Act (US FATCA), the Agreement between the Government of the British Virgin Islands and the Government of the United Kingdom to Improve International Tax Compliance (UK CDOT) and the Arrangement under the Common Reporting Standards (CRS).

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BVI and US FATCA – Competent Authority Agreement BVI and UK CDOT – Competent Authority Agreement BVI and Guernsey – Competent Authority Agreement BVI and Isle of Man – Competent Authority Agreement CRS Multilateral Competent Authority Agreement

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